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Treasury Department withdraws from climate group
The Treasury Department announced it has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System, which focuses on climate risk management.
ICBA Congratulates Scott Bessent on Treasury Secretary Confirmation
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on Scott Bessent's confirmation for Treasury secretary.
Treasury’s Faulkender lays out principles for BSA modernization
Deputy Treasury Secretary Michael Faulkender shared the Trump administration’s guiding principles for modernizing Bank Secrecy Act regulations.
Treasury seeks input on modernizing payments
The Treasury Department announced it is seeking public input on its plans to transition federal disbursements to electronic payments.
ICBA-backed bill to support minority banks reintroduced
Rep. Joyce Beatty (D-Ohio) reintroduced ICBA-supported legislation to codify a Treasury Department program to support minority depository institutions and other community banks.
Treasury endorses new international payments standards
The Treasury Department endorsed the Financial Action Task Force’s new international payments standards and said it supports FATF reports on countering illicit finance.
Treasury sanctions Philippines-based company for cyber scams
The Treasury Department sanctioned Funnull Technology Inc., a Philippines-based company that provides computer infrastructure for hundreds of thousands of websites involved in virtual currency...
Treasury sanctions networks targeting Americans with cyber scams
The Treasury Department sanctioned a large network of scam centers across Southeast Asia that steal billions of dollars from Americans.
ICBA meets with Treasury, FHFA on ending GSE conservatorship
Senior ICBA staff this week participated in two meetings with federal officials related to getting the government-sponsored enterprises, Fannie Mae and Freddie Mac, out of conservatorship.
Community bankers meet with Treasury’s Bessent
Several ICBA members last Friday participated in a roundtable discussion with Treasury Secretary Bessent.
Faulkender leaving Treasury Department
Deputy Treasury Secretary Michael Faulkender is leaving the Treasury Department, according to media reports.
CFPB reports on debt settlement, credit counseling
CFPB reports on debt settlement, credit counseling The Consumer Financial Protection Bureau released a report documenting changes in how consumers have used debt settlement and credit counseling...
CFPB rescinds part of small-dollar rule
CFPB rescinds part of small-dollar rule The Consumer Financial Protection Bureau issued a final rule on small-dollar lending that rescinds the mandatory underwriting provisions of the 2017 rule but...
CFPB reports consumer COVID-19 complaints
CFPB reports consumer COVID-19 complaints The Consumer Financial Protection Bureau reported on more than 8,000 complaints it received from January through May that mention the coronavirus or...
CFPB report touts credit builder loans
CFPB report touts credit builder loans The Consumer Financial Protection Bureau released a report on how credit builder loans could help consumers establish credit records and improve the credit...
CFPB updates Reg Z thresholds
CFPB updates Reg Z thresholds The Consumer Financial Protection Bureau issued a final rule with its annual amendments to dollar amounts for several provisions in Regulation Z. The Consumer...
ICBA Offers Cybersecurity Tips to Help Safeguard Sensitive Data
ICBA Offers Cybersecurity Tips to Help Safeguard Sensitive Data ICBA and the nation’s community banks are reminding consumers of simple actions they can take during Cybersecurity Awareness Month...
ICBA Congratulates Consumer Financial Protection Bureau Director Rohit Chopra on Confirmation
ICBA Congratulates Consumer Financial Protection Bureau Director Rohit Chopra on Confirmation Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued the following...
ICBA Backs Bills to Tailor CFPB’s 1071 Reporting Rule
ICBA today expressed support for three House bills to mitigate the negative impact of a Consumer Financial Protection Bureau proposal implementing new data collection and reporting requirements for...
CFPB cautions consumers on ‘buy now, pay later’
CFPB cautions consumers on ‘buy now, pay later’ The Consumer Financial Protection Bureau recently published a blog post for consumers on buy-now-pay-later credit. The Consumer Financial Protection...
FDIC, CFPB update financial education curriculum
FDIC, CFPB update financial education curriculum The FDIC and Consumer Financial Protection Bureau released an enhanced version of the Money Smart for Older Adults financial education curriculum....
ICBA urges President Biden to sign resolution blocking 1071 rule
ICBA President and CEO Rebeca Romero Rainey called on President Joe Biden to sign a recently passed bipartisan resolution to overturn the Consumer Financial Protection Bureau’s Section 1071 rule.
CFPB issues overdraft report ahead of proposed rule
The Consumer Financial Protection Bureau issued a report on consumer experiences with overdraft and non-sufficient-fund fees ahead of an expected rulemaking.
ICBA supports bill to clarify CFPB’s UDAAP authority
ICBA expressed support for new legislation designed to bring clarity and balance to the Consumer Financial Protection Bureau’s application of its authority to oversee unfair, deceptive, and abusive...
ICBA-backed bill would clarify CFPB’s UDAAP authority
Rep. Andy Barr (R-Ky.) formally introduced his ICBA-advocated bill to clarify the Consumer Financial Protection Bureau’s authority to oversee unfair, deceptive, and abusive acts and practices,...
ICBA Statement on CFPB Proposed Rule on Non-Sufficient-Funds Fees
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s Consumer Financial Protection Bureau proposed rule on...
CFPB proposal on non-sufficient-funds fees would distort market: ICBA
A new Consumer Financial Protection Bureau proposed rule to restrict the use of non-sufficient-funds fees is another example of the bureau imposing arbitrary price controls that would distort...
CFPB issues overdraft proposal with community bank exemption
The Consumer Financial Protection Bureau issued a proposed rule on overdraft services that would exempt community banks under $10 billion in assets.
CFPB: Credit card data shows small issuers offer lower rates
A Consumer Financial Protection Bureau report on credit card data show that smaller credit card issuers have "significantly lower" median annual percentage rates than the largest 25 credit card...
CFPB revises supervisory appeals process
The Consumer Financial Protection Bureau issued a procedural rule updating the process by which financial institutions can appeal supervisory findings.
At hearing, Scott touts challenge to CFPB’s credit card late fee rule
Senate Banking Committee Ranking Member Tim Scott (R-S.C.) touted his ICBA-supported resolution to nullify the Consumer Financial Protection Bureau’s final rule on credit card late fees during a...
Supreme Court finds CFPB funding structure constitutional
The Supreme Court upheld the constitutionality of the Consumer Financial Protection Bureau’s funding structure, reversing the appellate court’s decision that held the CFPB’s funding violates the...
Court injunction pauses CFPB credit card late fee rule
A federal judge issued a temporary injunction of the Consumer Financial Protection Bureau’s final rule on credit card late fees, which was scheduled to take effect tomorrow.
ICBA continues challenging legal push on data furnishers
ICBA and other groups filed a friend-of-the-court brief rebutting the Consumer Financial Protection Bureau’s continued assertions that consumer reporting agencies and furnishers are obligated to...
ICBA, IBAT meet with CFPB on 1033 concerns
ICBA and Independent Bankers Association of Texas community bankers and staff met with Consumer Financial Protection Bureau officials to express concerns with the bureau’s pending 1033 rule on...
CFPB releases new 1033 proposal on sharing consumer financial data
The Consumer Financial Protection Bureau released an advance notice of proposed rulemaking to collect information on how it should implement Section 1033 standards on sharing consumer financial data.
CFPB confirms plan to issue new rule on 1071
The Consumer Financial Protection Bureau reiterated that the agency’s new leadership has directed staff to initiate a new Section 1071 rulemaking.
CFPB proposes boundaries on nonbank supervision
The Consumer Financial Protection Bureau proposed adopting a standard that says it can supervise nonbanks if it determines that the nonbank’s products or services pose a risk to consumers.
ICBA Backs Senate Push for Community Bank Relief at CFPB
ICBA Backs Senate Push for Community Bank Relief at CFPB Urges Concerned Lawmakers to Pass Pending Regulatory Relief Bills Washington, D.C. (July 19, 2016)—The Independent Community Bankers of...
ICBA Statement on CFPB’s Mortgage Disclosure Rule
ICBA Statement on CFPB’s Mortgage Disclosure Rule Washington, D.C. (July 29, 2016)—Independent Community Bankers of America® (ICBA) President and CEO Camden R. Fine released this statement on the...